With Gary Hamel, Visiting Professor, London Business School
~ Why our feudal management model desperately needs an overhaul.
~ Only companies fit for human beings will be fit for the future.
~ How innovation leaders are "hacking" management processes.
Today's organizations face accelerating change, intensifying competition, rapid commoditization, and a historic shift in bargaining power from producer to consumer. However, our bureaucratic structure of management, invented a century ago, was designed to drive control and efficiency into large enterprises - not rapid response and innovation. To survive, organizations must reinvent management to inspire continual invention and adaptability in all employees.
It's not a task for the management team. It won't happen at a leaders' retreat. In this provocative talk, Professor Hamel suggests companies follow the lead of the social web and crowdsource employees. Ask them: "What do you see in the way you're measured and compensated, in the way we allocate resources and set priorities that work against your capacity to be more innovative, engaged, and work more efficiently?" Open and transparent organizations where hierarchies of meritocracy have more influence than top-down power allocation will develop enduring, long-term advantage.
|